glut
n. countablen. a situation where there is too much of something, like a product or a resource, so the price drops. It often happens when a market has more supply than people want to buy.
n. an excess of a particular commodity or resource, leading to a significant drop in market value. Often used in economic or geological contexts to describe oversupply or overabundance.
A sudden glut of apples caused the price at the market to fall.
The discovery of several new oil fields led to a glut in the global market, forcing producers to lower their prices.
Economists warned that the rapid expansion of the semiconductor industry would eventually lead to a glut, as the rate of production outpaced the growth of consumer demand.
Inherited from Middle English glotien /glotten, probably derived from Old French gloter /glotir /glotoiier (“to eat greedily”) [compare French engloutir (“to devour”), French glouton (“glutton”)], derived from Latin gluttiō, gluttīre (“to swallow”). Compare Russian глота́ть (glotátʹ, “to swallow”).